Deutsche Bank analyst Gianmarco Conti placed a "Catalyst Call: Buy" on shares of Cadence Design (CDNS) ahead of its Q4 earnings report due on February 13. The firm, which has a Buy rating on Cadence shares, believes the company will post a "solid print" and issues the short-term catalyst Buy based on a mix of "fairly unambitious" consensus expectations, the new outlook that should be coming, and easier comps compared to Cadence’s peer Synopsys (SNPS).
Published first on TheFly
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